other
confidence high
sentiment neutral
materiality 0.60
BXSL enters $500M ATM equity distribution program with eight sales agents
Blackstone Secured Lending Fund
- Up to $500M common shares may be sold from time to time via at-the-market offerings.
- Sales agents: Truist, RBC, Compass, Raymond James, Regions, BTIG, Drexel, SMBC.
- Commission to agents up to 1% of gross proceeds; offering price not below NAV.
- Proceeds for general corporate purposes, including investments and debt repayment.
- Prior Dec 2023 equity distribution agreements with six of the agents terminated and replaced.